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Have a look at the key details offered by the pressure regulator market for upstream applications
Market research analysts at Technavio predict that the global pressure regulator market for upstream applications will grow steadily during the next four years and post a revenue of more than USD 417 million by 2021. This market research analysis identifies the rise in the number of multinational joint development agreements as one of the primary growth factors for the pressure regulating valves market. With varying degrees of geographical proximities between crude oil reserve base and downstream consumer markets, there is a constant demand for pipeline transportation to facilitate the monetization of resources. With increased investments towards the identification and development of new oil fields, the demand for multinational crude oil pipelines will further increase in the coming years. This will result in a significant increase in collaboration between global economic powers resulting in a number of joint-development pacts for the planning and implementation of oil and gas pipelines, in turn, fueling the demand for pressure regulator valves.
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One of the major factors that will gain traction in the pressure regulator market is the adoption of heated pipeline technology. The transportation of heavy crude through pipelines is one of the major challenges faced by crude oil pipeline operators. This will result in the rise in adoption of heated pipeline technology that will help pipeline operators overcome challenges in the shift of upstream oil and gas sector into hostile environments, low surrounding temperature, and heavier products.
Characterized by the presence of several well-diversified international, regional, and local suppliers, this market appears to be is highly fragmented. The local and regional pressure regulator manufacturers provide various pressure relief valves with a high level of customization with lower prices and pose a stiff competition to the international vendors. Though the pressure regulator valves market is witnessing the entry of new players, they find it difficult to compete with the international players in terms of product quality, features, functionality, and service. With the rise in product extensions, technological innovations, and M&A, the market’s competitive environment will further intensify in the coming years. Analysts also predict that the international vendors will grow inorganically during the predicted period by acquiring regional or local players.
The leading vendors in the market are -
The other prominent vendors in the market are Pietro Fiorentini, Honeywell, Spirax Sarco, Marsh Bellofram, SAMSON Controls, CIRCOR Energy, GE Oil & Gas, and A.u.K. Müller. Equilibar, RICHARDS Industries, Beswick Engineering, Watts, Cashco, Cla-Val, Neon Controls, Plast-O-Matic, and Colton Industries
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During 2016, the gas industry segment accounted for the major shares and dominated the pressure regulator valves market. According to this market research and analysis, the natural gas segment will continue its market dominance throughout the predicted period as well.
This market study estimates that in terms of geographical regions, the Americas will be the major revenue contributor to the pressure regulator valves market throughout the forecast period. The constant demand for crude oil from the countries such as the US, Canada, and Mexico resulted in the growth of the crude oil pipelines market in this region, in turn, driving the demand for pressure regulators.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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